March 12- Energy XXI Ltd said it would buy EPL Oil& Gas Inc for $1.53 billion to become the largest public oil and gas producer on the U.S. Energy XXI is offering $39.00 per EPL share, a premium of about 34 percent over the stock's Tuesday close of $29.11 on the New York Stock Exchange.» Read More
China unexpectedly raised domestic gasoline and diesel prices by a tenth on Thursday, the first increase in 17 months, as officials rushed to tame a worsening supply crisis by easing losses at state refiners.
Bring on the year end! That's the view from the markets now that the spooky month of October is behind us and the Fed has done its work. November will be no slouch. It starts off with a big dose of economic news Thursday and Friday, and some key earnings reports, including Exxon Mobil Thursday morning.
Stocks closed up sharply following the latest interest-rate cuts by the Federal Reserve, ending the month of October on a strong note.
In the entertainment industry, the idea of being green is very, very cool. You can't go two feet without seeing a Prius--they're even becoming the limo-of-choice for the Oscars. I myself bought a Prius in May and I love it. Not only is it eco-friendly, but it's also incredibly convenient. Not having to fill up that often saves a ton of money, and all that time wasted at the gas station. Tons of time.
The Federal Reserve's latest cut in interest rates, combined with an unexpected drop in crude supplies last week, could finally send oil prices over $100 a barrel.
China's top economic planner has said Beijing will raise the prices of gasoline, diesel and aviation kerosene by 500 yuan ($66.97) per ton starting from Nov 1, the official Xinhua news agency said on Wednesday.
Buying in tech stocks could lift the market again Wednesday, but Merrill Lynch earnings hang in front of the opening bell like a dark cloud. Or should we say Merrill's report of losses. The firm is scheduled to report third quarter numbers between 7:30 and 8 a.m., and analysts are forecasting a loss of $0.45 per share.
Most of Wall Street might disagree with the billionaire's move into oil refiners, but Cramer thinks he's right. Here's how to play the pin action.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
The economic numbers today indicate the difficulty facing the Fed: 1) Third quarter GDP estimates, at 3.9% (best in 6 quarters!), was well above expectations. 2) October ADP, a read on private sector job growth, surprises on the upside--106,000 vs the consensus of 58,000 and up from a revised 61,000 in September.
Credit crankiness hangs around the stock market as the Fed winds up its rate meeting Wednesday. Investors are counting on a rate cut, and without one, the market could see some significant selling.
Stocks closed lower amid fresh signs of weakness in the economy and uncertainty about whether the Federal Reserve will cut interest rates.
A decidedly negative tone has replaced Monday's complacency as the Fed starts its two-day meeting today. A Wall Street Journal article detailing why a rate cut isn't a sure thing has put traders on edge and cast doubt about the cut to the Fed funds rate that most of them think is a "sure thing."
OK, at first blush Jay Leno and rapper 50 cent might seem like a strange combination. But for General Motors this odd couple is the star power the automaker needs to draw attention to specialty auto parts. Last night here in Las Vegas, Leno unveiled a Corvette Z06 modified for racing performance even when running on E85 ethanol.
European earnings revealed a mixed business environment Tuesday due to fluctuations in exchange rates, rising commodity prices and the effect of uncertainty about the recent credit crunch.
OPEC has no power over many of the factors buffeting oil markets and the group is worried by record high prices that are threatening the world economy and future demand growth, OPEC ministers said on Tuesday.
Finnish oil refiner Neste Oil's comparable third-quarter operating profit fell more than expected, dented by increasing fixed costs and lower freight rates, which pulled its shipping unit to a loss.
Top Asian oil refiner Sinopec beat forecasts with a 5.5 percent rise in third-quarter earnings, even as high oil prices squeezed its refining business into the red again, but it may face a worsening fourth quarter.
Oil prices have been climbing for nearly two weeks straight, breaking new records almost daily. Friday's been no different with U.S. crude oil futures breaching the $90 a barrel level during the Asian morning session.
Major European markets ended in positive territory Monday, as anticipation of lower U.S. interest rates helped sentiment.
In anticipation of next week’s Fed meeting, Cramer devoted Friday’s Game Plan to picking the right stocks that should benefit no matter what Bernanke says. Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.